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Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

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Faster Payments, Faster Fraudsters

PYMNTS

Real-Time Payments Open New Doors for Fraud. Account takeover (ATO) fraud is highly popular among bad actors who take advantage of real-time payment systems. A closer look at fraudulent activities, however, reveals how bad actors use these systems to steal both information and money.

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The Fed Prioritizes Security As Payments Speed Up

PYMNTS

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed
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Why Fraud Is Now ~$11 Of Every $100 Of Digital Sales

PYMNTS

With a nod toward the methods of the fraud attacks, Reitblat noted that fraudsters use several methods concurrently, with account takeovers, botnets and location manipulation among the most often employed conduits. and Europe. and Europe.

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Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

PYMNTS

billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017. Nelson said the organization was alerted by the FBI in 2009 regarding a rise in corporate account takeovers. TO DOWNLOAD THE NOVEMBER EDITION OF THE PYMNTS FASTER PAYMENTS TRACKER™ , POWERED BY NACHA, CLICK THE BUTTON BELOW.

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Why Payments Should Stop Worrying About ‘The Next Big Thing’

PYMNTS

At the close of 2018, a lot of people are hurting, either from climbing in too late or having lost their savings through account takeovers or hacking. Surely, we should first focus on the issues we want to address — faster payments, account takeover, and customer experience — then explore how we do it.

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Amid DDoS, No Smooth Sailing For Travel Firms

PYMNTS

Faster payments are smarter payments. Safer payments are smarter payments, too. Account takeovers are finding favor among fraudsters. Account takeovers have the double-barreled effect of being easier to complete successfully — for the bad guys — and are harder to head off (by the good guys).